Blockchain Technology in Energy Market is Booming
Rapid Expansion and Market Growth
The global blockchain in energy market is projected to experience a remarkable expansion, with a CAGR of 256%. This staggering growth is attributed to the increasing adoption of blockchain technology in the energy sector, as it offers enhanced security, efficiency, and transparency.
Market Size and Projections
The global blockchain technology market was valued at USD 1757 billion in 2023 and is expected to continue its upward trajectory. The blockchain in energy market, in particular, is estimated to reach a market size of USD 145 billion in the near future.
Key Players in the Market
The market report identifies nine prominent companies leading the blockchain in energy sector, including Infosys Limited, IBM Corporation, and Power Ledger Pty. Ltd.
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